Contango Oil & Gas (NYSEAMERICAN:MCF – Get Free Report) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $3.22 and traded as low as $3.16. Contango Oil & Gas shares last traded at $3.22, with a volume of 3,621,000 shares trading hands.
Contango Oil & Gas Trading Up 3.5%
The company has a quick ratio of 0.44, a current ratio of 0.45 and a debt-to-equity ratio of 2.25. The company has a market cap of $648.31 million, a price-to-earnings ratio of -7.67 and a beta of 2.02. The firm has a 50 day moving average price of $3.22 and a two-hundred day moving average price of $3.22.
Contango Oil & Gas Company Profile
Contango Oil & Gas Company was an independent oil and natural gas exploration and production company. Its activities included acquiring, developing, producing and operating oil and natural gas properties, with associated production of natural gas liquids.
The company’s operations were focused primarily on properties in the Gulf of Mexico and onshore areas of the southern United States, including Texas and Louisiana. Contango pursued development opportunities in mature producing regions as well as exploration and acquisition opportunities designed to expand its reserves and production base.
In 2021, Contango combined with Independence Energy to form Crescent Energy Company.
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